Hubert Senters here.
Let’s take a look at the markets. In one of my recent videos we were talking about Seagate, STX. And we’ve had updated targets on it of $100.25 and $106 and then $110.
$100 target has been hit. $106 got hit today. The $110 will probably hit later this week so if you’ve missed that don’t worry.
The next trade set-up is right behind you. You can probably catch about the same type of move not perfectly because they ae competitors.
And Seagate looks better than Western Digital, WDC but as you can see WDC had a consolidation and if you compare that to STX which is Seagate.
And Seagate had a better uptrend so you’re not going to get as much with WDC but you can pretty much do the same thing.
In trading we call these as a pairs trade. Think of it like AMD versus Intel. That’s a pair. That’s number 1 and 2 in the industry.
And usually if one goes in one direction the other one will either go the opposite direction or sometimes they’ll go parallel.
In this case, they’ll probably going to go a little bit more parallel. You can do a negative pairs. A negative pair would be like say AMD goes higher and the Intel goes lower. That would be negative pair per trade.
A parallel pair trade would be their both probably going to go the same direction so WDC if you get long it around $76.42 the stop would be around $70.82.
And your next target for this would be $82 and then $85. And then after that you have to recalculate a new target.
Serge Berger is having a special webinar Wednesday, May 19th at 7PM EST. And it’s going to ne How to Take Advnatage of the Market with Inflation at in An All Time High.
Heads up, the inflation has just now getting started. It’s going to go substantially higher and you can already see it and goods and services that you’re paying for obviously.
You know gas is high. Used vehicles are high. The agriculture and the grains and stuff. That’s just on the rice. So inflation is going to get out of control and Serge is going to teach you how to take advantage of trades in that type of situation.
I’m going to HYPERLINK you over there. All you have to do is fill out the form and hit YES! Sign me up! That will register you for the webinar.
Good luck. Hope it helps. See you on the next video.
Hubert.
